Millennium Management LLC Has $19.96 Million Holdings in Carnival Corporation $CUK

Key Points

• Millennium Management LLC increased its stake in Carnival Corporation by 15.3%, acquiring an additional 151,439 shares, bringing its total to 1,138,520 shares, valued at nearly $20 million.
• Carnival reported a quarterly earnings per share of $0.35, exceeding expectations of $0.24, along with guidance for Q3 2025 set at 1.300 EPS.
• Insider trading activity shows Director Sir Jonathon Band sold 12,500 shares at an average price of $29.75, decreasing his ownership by 16.25%.

Millennium Management LLC grew its position in Carnival Corporation (NYSE:CUK - Free Report) by 15.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,138,520 shares of the company's stock after purchasing an additional 151,439 shares during the period. Millennium Management LLC owned approximately 0.61% of Carnival worth $19,958,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of CUK. Voloridge Investment Management LLC bought a new stake in shares of Carnival in the fourth quarter valued at about $16,380,000. Alberta Investment Management Corp bought a new stake in shares of Carnival in the first quarter valued at about $3,459,000. Mackenzie Financial Corp lifted its holdings in shares of Carnival by 160.3% in the first quarter. Mackenzie Financial Corp now owns 266,885 shares of the company's stock valued at $4,678,000 after purchasing an additional 164,359 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Carnival in the fourth quarter valued at about $2,779,000. Finally, Quantbot Technologies LP bought a new stake in shares of Carnival in the first quarter valued at about $1,878,000. 23.80% of the stock is currently owned by institutional investors.

Carnival Stock Up 1.0%

Shares of Carnival stock traded up $0.28 during trading on Thursday, reaching $28.51. The stock had a trading volume of 1,261,555 shares, compared to its average volume of 1,357,369. The company has a market capitalization of $5.37 billion, a price-to-earnings ratio of 15.41 and a beta of 2.76. The stock has a fifty day moving average price of $27.74 and a two-hundred day moving average price of $22.50. Carnival Corporation has a 52 week low of $13.65 and a 52 week high of $29.80. The company has a current ratio of 0.34, a quick ratio of 0.30 and a debt-to-equity ratio of 2.58.

Carnival (NYSE:CUK - Get Free Report) last released its earnings results on Tuesday, June 24th. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.24 by $0.11. The business had revenue of $6.33 billion for the quarter, compared to the consensus estimate of $6.21 billion. Carnival had a return on equity of 27.88% and a net margin of 9.72%. Carnival has set its Q3 2025 guidance at 1.300-1.300 EPS. FY 2025 guidance at 1.970-1.970 EPS. Sell-side analysts predict that Carnival Corporation will post 1.7 EPS for the current fiscal year.

Insider Activity

In related news, Director Sir Jonathon Band sold 12,500 shares of Carnival stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $29.75, for a total value of $371,875.00. Following the sale, the director owned 64,406 shares of the company's stock, valued at approximately $1,916,078.50. The trade was a 16.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.08% of the company's stock.

About Carnival

Carnival Plc operates as a global cruise and vacation company. The firm offers holiday and vacation products to a customer base that is broadly varied in terms of cultures, languages and leisure-time preferences. It operates through the North America and Australia (NAA), Europe and Asia (EA), Cruise Support, and Tour and Other segments.